TRADING WEEK OCT 21ST-25TH

Last week the intraday trading ranges for SPY were 4.54, 6.36, 3.87, 3.96 and 2.81. The hi-lo was a miniscule 7.58. If you traded a negative or positive gamma position you needed to work hard to make a slight profit. If you weren't on top of your game you might even have lost a little. At least the trading environment isn't terrible. With Leading Economic Indicators, coming out on the 21st at 10:00am ET, followed forty-eight hours later by Existing Home Sales and New Home Sales following twenty-four hours later there shouldn't be too much excitement. Maybe the upcoming election will provide some. The SPY 25Oct24 580-585-590 call butterfly is priced at 1.25, 0.40 higher than last week's at the money butterfly. The options market is pricing in less volatility. The SPY 25Oct24 585 straddle is priced 1.09 lower than last week's at the money straddle at 6.17. I went with the SPY 25Oct24 586-589 2X3 call spread for 1.28. ZION releases earnings on the 21st after the close. AMD, VZ and GM release before the opening on the 22nd. T, LUV and KO release before the opening on the 23rd, while the big boys, TSLA and AMZN release after the close. AAL an DOW release before the opening on the 24th while CL releases the following morning.